GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Policy acquisition costs Note 40

Policy acquisition costs – by operating segment 40.1

31.12.2019

31.12.2018

France

International

Total

France

International

Total

(in millions ofeuros)

Commissions

(701)

(332)

(1,033)

(614)

(351)

(965)

Change in deferredacquisitioncosts

1

1

3

(2)

3

1

Other expenses

(261)

(96)

(357)

(238)

(96)

(333)

TOTAL

(961)

(428)

(1,388)

(854)

(443)

(1,297)

Policy acquisition costs – by business 40.2 Policy acquisition costs by business – France 40.2.1

31.12.2019

31.12.2018

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions ofeuros)

Commissions

(450)

(251)

(701)

(419)

(195)

(614)

Change in deferredacquisitioncosts

1

1

(2)

(2)

Other expenses

(66)

(195)

(261)

(68)

(169)

(238)

TOTAL

(515)

(446)

(961)

(487)

(367)

(854)

Policy acquisition costs by business – International 40.2.2

31.12.2019

31.12.2018

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions ofeuros)

Commissions

(256)

(77)

(332)

(271)

(80)

(351)

Change in deferredacquisitioncosts

3

(2)

1

4

(1)

3

Other expenses

(74)

(22)

(96)

(72)

(23)

(96)

TOTAL

(327)

(100)

(428)

(339)

(104)

(443)

226

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES